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USDA Recognizes North Avenue Capital As #1 Business and Industry Lender in Top Commercial Lender Rankings
Ponte Vedra Beach, FL, Dec. 23, 2020 (GLOBE NEWSWIRE) North Avenue Capital, a specialized commercial lender exclusively originating, underwriting, and funding USDA Rural Development loans was recently recognized by the United States Department of Agriculture (USDA) as the #1 Business & Industry lender in the Top Commercial Lender Rankings for 2020.
Building Businesses. Growing Communities. Strengthening Economies.
North Avenue Capital partnered with the USDA to invest $131 million in the traditional Business & Industry loan program, more than any other commercial lender in the country during the 2020 fiscal year.
These investments helped 20 rural businesses acquire essential working capital through the USDA’s Business & Industry Loan Program helping create or save 533 jobs in these areas.